When it comes to the countries leading the way in AI innovation, China has undoubtedly taken the lead. In fact, in contrast to Europe, China has made nearly 40 times as many patent applications. Interestingly, LG Electronics is taking the lead when it comes to the brands at the forefront of patent applications.
Over the space of two years, LG Electronics has made 731 applications - which is more than double of the company that has made the 2nd highest amount of applications, Ping An Technology.
The remaining brands in the top 10 are all extremely close in the amount of applications in the last two years - all ranging between 40 to 60. Should we expect one of these brands, such as Huawei Technologies or IBM to catch up over the next two years and overtake the likes of LG Electronics?